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- W135311993 abstract "The purpose of this article is to show that OFCs are far from being “bad” or a threat to the healthy, effective functioning of the world economy. Indeed, there is a rich tapestry of reasons why OFCs are used, as well asreasons that show why OFCs are both fundamentally important and central to the transactions that are drivingglobal business. The examples given in this article in relation to securitization, mutual funds, and joint venturesall highlight the depth and extent of this phenomenon. In a modern, sophisticated world economy that continues to change and evolve, it is crucial that the worldproperly understands how OFCs are utilized in practice and realizes the important benefits that OFCs offer to*221 businesses and nations across the globe. OFCs are not about tax scams, shadow banking, or shady individuals.OFCs touch upon every type of business, and upon every type of transaction, in every part of the world.That is not going to change any time soon. Indeed, OFCs are an unstoppable force." @default.
- W135311993 created "2016-06-24" @default.
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- W135311993 date "2011-01-01" @default.
- W135311993 modified "2023-09-24" @default.
- W135311993 title "An Unstoppable Force: The Offshore World in a Modern Global Economy" @default.
- W135311993 hasPublicationYear "2011" @default.
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